Bidding tops minimum for Queens homes by 36%

Single-family home at 23-31 37th St., Long Island City, fetches highest price in public administrator’s auction, going way over its minimum.

The auction Wednesday of 15 apartments and single-family homes in an estate sale by Queens Public Administrator Lois Rosenblatt will add $6.012 million to the city’s coffers.

All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.

Proceeds exceeded by $1.6 million the total of $4.412 minimum prices set by the public administrator, or 36 percent.

Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the minimum.

The Long Island City property went for $935,000, 39 percent above the minimum, but the winning offer of $575,000 for the Woodside house soared 83 percent higher than its minimum.

Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, for the homes kept in the auction ranged from a low of $62,000 to $675,000 for that house in Long Island City.

Below are the properties with successful bids in bold following the minimum amounts:

Estela Alvarez 90-11 35th Ave.,
Apt. 3C
Jackson Heights
see details
$86,000/$131,000
Madeleine Burton 37-45 84th St.,
Apt. 41
Jackson Heights
see details
$175,000/$185,000
Victoria Datcu 32-22 92nd St.,
Apt. D106
Jackson Heights
see details
$64,000/Withdrawn
Shirley Katz 251-57 61st Ave.,
Apt. 715
Little Neck
see details
$146,000/$176,000
Floyd Williams 112-19 34th Ave.,
Apt. 4G
Corona
see details
$84,000/Withdrawn
Frances and
Thomas Cammarata
69-62 43rd Ave.
Woodside
see details
$315,000/$575,000
Gloria Cozzie
and
Lena Barone
1570 68th St.
Brooklyn
see details
$500,000/$675,000
Ingeborg Curley 35-20 Leverich St.,
Unit 746
Jackson Heights
see details
$240,000/$265,000
Victoria Datcu 79 Wood Ave.
Monticello
see details
$62,000/$78,000
Benjamin Durante 93-21 209th St.
Queens Village
see details
$250,000/$250,000
Helen Faluotico 60-40 69th Pl.
Maspeth
see details
$435,000/$635,000
George Miller 2 South Country Rd.
Westhampton
see details
$461,000/$461,000
Rita Morresi 79-04 19th Rd.,
Unit B2
Jackson Heights
see details
$172,000/Withdrawn
Meta Noreika 271-16 77th Ave.
New Hyde Park
see details
$322,000/$413,000
Jose Pesantes 111-44 145th St.
Briarwood
see details
$75,000/$153,000
Charles Russ, Jr. 41-05 Roosevelt Ave.
Woodside
see details
$345,000/$540,000
Anna Verde 23-31 37th St.
Long Island City
see details
$675,000/$935,000
JosephLinsmaier 71-28 68th St.
Glendale
see details
$325,000/$540,000

The results of the sale are impressive, echoing a recent city auction in Brooklyn. By comparison, auctions in Manhattan have struggled either to sell off each of the available properties or obtain notable results for those that did find buyers.

However, a public administrator auction with Manhattan properties likely to be popular with bidders may well tell a different story on June 28.

Tomorrow: Weekly Roundup

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
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